Financial Development and Economic Growth in Namibia: An empirical examination for the existence of a long run relationship between Finance and Economic Growth in Namibia - Couverture souple

Mushendami, Postrick

 
9783838384078: Financial Development and Economic Growth in Namibia: An empirical examination for the existence of a long run relationship between Finance and Economic Growth in Namibia
Couverture souple
ISBN 10 : 3838384075 ISBN 13 : 9783838384078
Editeur : LAP LAMBERT Academic Publishing, 2010

Synopsis

The financial sector in Namibia is well developed and offers a wide range of services. This assertion can be supported by the ratio of broad money supply (M2) and the private sector credit to gross domestic product (GDP), which stood at 43 and 40 per cent respectively in 2004. Despite the observed level of financial sector development, real economic growth remained low, growing at 3 per cent on average during the past 12 years. This tend to suggest that there might not be a strong long run link between finance and economic output. This book therefore examines whether there is a long run relationship between financial development and economic growth in Namibia and hence determine the direction of causality. The book employs a two step Engle-Granger method of Cointegration; and a Granger Causality Test. Moreover, the book explores the history of banking in Namibia. The book is intended for undergraduate and graduate students of monetary, financial, macroeconomics and practitioners as well.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

The financial sector in Namibia is well developed and offers a wide range of services. This assertion can be supported by the ratio of broad money supply (M2) and the private sector credit to gross domestic product (GDP), which stood at 43 and 40 per cent respectively in 2004. Despite the observed level of financial sector development, real economic growth remained low, growing at 3 per cent on average during the past 12 years. This tend to suggest that there might not be a strong long run link between finance and economic output. This book therefore examines whether there is a long run relationship between financial development and economic growth in Namibia and hence determine the direction of causality. The book employs a two step Engle-Granger method of Cointegration; and a Granger Causality Test. Moreover, the book explores the history of banking in Namibia. The book is intended for undergraduate and graduate students of monetary, financial, macroeconomics and practitioners as well.

Biographie de l'auteur

Postrick Lifa Mushendami is a PhD Economics Student at the University of Durham(UK). He holds a MSc Financial Economics from the University of London(UK); MSc Economics and B.Econ from the University of Namibia. He graduated as a fellow of MEFMI in Monetary Policy Implementation with Distinction. He is a Senior Economist at the Bank of Namibia.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2010
Langue
anglais
ISBN 10 
3838384075
ISBN 13 
9783838384078
Reliure
Broché
Nombre de pages
68
Coordonnées du fabricant
non disponible
Personne responsable
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